Goldman-Sachs donated almost $1 million to Obama's campaign fund. Corbis

April 21, 2010

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The SEC's fraud case against Goldman Sachs could have expensive repercussions for the president. Employees of the investment bank donated nearly $1 million to Obama during the 2008 campaign, making the organization his second largest individual contributor. But now that the bank's in trouble with regulators, some Republicans are suggesting he ought to give the money back. One GOP senate nominee has even given his Goldman donations back, saying he wanted to "set an example on ethics for others to follow." As the president pushes a financial reform bill that would crack down on Wall Street abuses, should he and his party return their donations from Goldman employees?

What hypocrisy: Even as the DNC "bellows" about holding the banks accountable, says Michelle Malkin in the New York Post, several of Obama's closest confidantes — including White House chief of staff Rahm Emanuel — have either worked for or received money from Goldman. And still they remain silent on the "campaign cash Obama bagged" in 2008. These "class-warfare Dems" are something else."All the president's Goldman men"